Bob Murphy

Author Archive

Kudlow’s Line in the Sand Against Bailout Lasts For Two Days

In a CNBC description that ran on Thursday, Sept. 25, popular free market analyst Larry Kudlow had said he wouldn’t support the Paulson Plan if it contained corporate equity for the government or meddled with executive pay. Kudlow said: If the bailout bill allows executive pay-caps and government ownership warrants for all buying or selling […]

Pat Buchanan: Foreigners Behind the Bailout!

Buchanan has a great piece up today at LRC. He stresses an aspect of The Great Bank Robbery of 2008 that I hadn’t considered: Since Americans save nothing and have to borrow from abroad to finance our trade and budget deficits, wars and foreign aid, what the secretary proposes is this: that Congress authorize the […]

Conservatives Should Oppose Corporate Welfare

So I tell the great Americans at Townhall. An excerpt: The free market is a superior economic system to central planning. This superiority demonstrates itself during normal times but especially during an economic crisis, when resources must be rearranged before regular growth can resume. By embracing massive corporate handouts and other socialist measures, the Bush […]

U.S. Mint Halts Buffalo Gold Coin Sales

Robert Wenzel told me that Free Advice readers are taking action; the U.S. Mint had to suspend sales of its 24-karat American Buffalo gold coins because inventories had been depleted.

Free Advice Warning Issued Friday, September 26, 2008: Bank Panic May Be Imminent

I had just assumed the Paulson Bailout was a fait accompli. Yet as I write, it is still uncertain whether this heist will go through. The House Republicans gave Paulson a surprising stick in the eye. The longer the delay, the less urgent the crisis seems, and the closer the election–some figures say the public […]

The Mises Institute "Bailout Reader"

For those who want to immerse themselves in Austrian articles relating to the current financial crisis, here is a reader.

Murphy vs. Paulson Bailout

To paraphrase Michael Corleone* when Kay says she is taking the kids, “Henry, don’t you know it is an absolute impossibility that I would allow you to engineer this bailout? Don’t you know I would do everything in my power to stop you?” (Of course, Michael Corleone was in a much stronger position when he […]

"Credit Markets Mostly Frozen on Stalled Bailout"

Well that headline proves my point, which I reiterate below. And by the way, is “mostly frozen” kinda like how Wesley was only “mostly dead” after Prince Humperdinck unloaded on him in the Pit of Despair? From my LRC column from Monday this week: Just stop and reflect on what the government has done, even […]